I always appreciate it when people take the time to write to offer their feedback on Portfolio Charts. The thanks keep me going through the occasional drudgery, the corrections keep me honest, and the suggestions keep the entire exercise fresh and relevant. The combination of all that feedback with my constant creative processing makes the site a personal passion of mine that I hope you enjoy reading and using just as much as I do writing and creating. I’ve long felt like I owe you all a reward of some sort for your great ideas, and today I’m here to deliver.
Since I started Portfolio Charts several years ago, by far the most common request I’ve received is the ability to enter data in one place and have it carry over into each calculator. I just want you to know that I listened. While it took a long time to try lots of different ideas and fail plenty of times along the way, you asked the right guy with the right mix of creativity and pure stubbornness to power through the problem. So while you may notice lots of things have changed on the site recently, let’s cut to the chase and get to the really cool part — the My Portfolio tool.
Designers who work in new product development tend to think a little differently than others. The truly innovative ones have no professional fear. In fact, there’s a common saying in the industry that one should “fail early and often” and rapid iteration where you improve things in stages is generally prized over slowly working out the perfect product up-front. Machines like 3D printers are some of the most indispensable tools in the industry today to help develop ideas, and for every finished product you see on a store shelf there are probably hundreds of printed prototypes sitting on an engineer’s desk somewhere. That may sound wasteful on the surface, but every single prototype represents a new idea or a lesson learned that ultimately led to the final product you know and love.
Today is one of those days when you’ll notice that product design mindset in my own work here, as I just overhauled every single calculator on the site. Even though I released another major update not too long ago, I learned a lot (both good and bad) from that version and was inspired to improve the experience even more. There’s a lot going on, so let’s get down to business and talk about the changes.
You’ve probably seen me mention a few times that I’m always on the lookout for good data. Usually that means an occasional few extra years of a certain asset or perhaps a nice alternative source, and I do my best to accumulate the trickle of new information as it comes in. Well the stars must have aligned somehow as recently I was inundated with a waterfall of data from several new sources. It took a little while to figure out how to handle so much information, but today I’m happy to announce one of the largest updates ever to the site and fellow fans of good portfolio data are in for a real treat.
I don’t know about you but I’m pretty excited about the warming weather. As the dark and cold fades away, I even sorta enjoy the bit of cleanup work that normally comes with spring. From trimming the shrubs that are now starting to grow like crazy to washing the winter grime off the car, spring cleaning has a way of creating a sense of newness that breathes new life into lots of old things.
And the same mindset extends to the virtual world as well — at least when you have your own website to maintain. So after picking up around the house I also just completed a few important data updates that you may not have noticed but will certainly appreciate.
Asset allocation is a obviously passion of mine, and I’m always excited when I find a new metric to tinker with. These new ideas are not only interesting in their own right, but they also allow me to go back and refine some older tools to make them even better. And it’s hard to think of a more appropriate place to start than one of my personal favorites — the Portfolio Finder.
If you’re in the market for state-of-the-art investment data, now is a great time to visit Portfolio Charts. The Calculators and Portfolios now have all-new data through 2017!
It’s amazing how quickly time flies! 2017 was quite the whirlwind, and I can’t help but feel a small sense of awe as I think back to all Portfolio Charts has done over the year. From new portfolios to new tools and even new countries, I’m really excited about where the site has been and where it continues to grow.
To celebrate the holidays, I thought it would be cool to resurrect the theme from this time last year and highlight the most popular new posts of 2017 sorted by what has consistently drawn the most readers. So whether you’re new to the site and looking for a good place to start or a long-time reader who doesn’t want to miss anything important, it’s my pleasure to present the best of the best as chosen by other individual investors just like you.
I’ve always had a particular love for stained glass. Not only are the colors incredibly vibrant, but the medium is also truly dynamic and the lighting can transform the same window throughout the day. One moment it’s dark and rich, and the next it’s bright and lively. With light activating glass and glass transforming light, stained glass is a special symbiosis of art and nature that allows you to look at the same objects totally differently.
In the investment world, the portfolios are the glass and the data is the light. Too often people study portfolios through a single fixed spotlight of US-centric data, but that does the observant investor quite the disservice. Certain investing biases become unfairly engraved as immutable truths based simply on the favorable lighting, while alternative ideas that may actually be much more attractive outside of the gallery setting get lost in the shuffle. But study the same portfolios through the lens of an investor who does not live in the United States, and things get a lot more interesting. The glass lights up in a different way, and new features rise to the top.
I’m always thinking about ways to make the site helpful for more people, and lately I’ve been working on ways to improve the tools for investors outside of the US. Building a site like this is kinda like building a house over time — it’s an ongoing project requiring incremental steps, and sometimes you have to eliminate a key barrier to make room for the next addition.
One roadblock to expanding the portfolio analysis to other countries has been how to handle REITs, as eight portfolios on the site utilize them while the available data applies only to the US market. Well, after a bit of research I’ve determined that the data is actually a lot more useful than I previously realized, and I’ve decided to unlock REITs as an option for other countries in the calculators. Here’s how it works.
You never quite know what the reception will be like when you post data into the internet void, but I wanted to thank everybody that has taken the time to contact me regarding the latest global site update. Your feedback and encouragement are valuable and extremely appreciated!
Judging from the number of Merriman fans I’ve heard from in the last few weeks, it’s clear that a few assets like international small and value are quite a bit more popular than perhaps I previously understood. I definitely got the message, and while it took a bit longer to assemble the right type of data that I can personally vouch for, I’m happy to report that the Merriman Ultimate is back. And it marks the return of several assets as well — World Small and World Value.